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what is the responsibility divide when it comes to recovering from sandy? guest: that article and the headline captures what is going on. any typical insurance event for and the hurricane, there is going to be damage caused by wind, fallen trees. there is going to be fires from natural gas lines. all those damages are going to be covered by your standard typical homeowner's insurance by the private market. you are going to contact your insurance company, and they are going to cover it with your limits and deductibles. any damage that is caused by flooding is going to be covered only if you had a flood insurance policy through the national flood insurance. that is a government program that covers flood losses. that ultimately will be picked up by the policyholders in that program. there are really two pies that these losses will come from. the private insurance tab and the fema tab. so, there will be two tabs. host: what about a homeowner who does not participate in the federal program and does not have private flood insurance? guest: unfortunately, that per
what is the responsibility divide when it comes to recovering from sandy? guest: that article and the headline captures what is going on. any typical insurance event for and the hurricane, there is going to be damage caused by wind, fallen trees. there is going to be fires from natural gas lines. all those damages are going to be covered by your standard typical homeowner's insurance by the private market. you are going to contact your insurance company, and they are going to cover it with your...
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Nov 1, 2012
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host: any fallout or benefit from hurricane sandy for the candidates? guest: i think it's becoming clear that this has been a plus for president obama. how big, we will see. if you are the incumbents and you're in a tough race, what do you want to do? you want to look presidential. that's a great advantage of incumbency. that is precisely the way he has looked, with the help of his new best friend chris christie. i guess bill clinton will have to step aside. he was the president's new best friend. now it's chris christie. with that bipartisan blessing, the president looks good. for mitt romney, he was pushed off the stage. this storm was a kind of circuit breaker for about three days. momentum, at least according to the romney camp, had been building up for romney. you lose that. politics is not just about the national voter choice. there's a big dial-up emotions included in this. i think the air went out of the balloon to a certain degree for romney during those three days. does he have time to regen? of course. we are back in the campaign today and wi
host: any fallout or benefit from hurricane sandy for the candidates? guest: i think it's becoming clear that this has been a plus for president obama. how big, we will see. if you are the incumbents and you're in a tough race, what do you want to do? you want to look presidential. that's a great advantage of incumbency. that is precisely the way he has looked, with the help of his new best friend chris christie. i guess bill clinton will have to step aside. he was the president's new best...
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Nov 1, 2012
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but also, understand that teams were already moving well before sandy hit. teams have been called from the midwest and south. it makes sense that -- if it makes sense that they can drive their faster than flying, then they are driving in. for those that need to, they're flying in this afternoon. >> i am wondering how the contacting process is going. some contracts are already in place. will there be proposals for other types of aid? does fema have enough money with the $3.6 billion? especially when they are only authorized for $3.8 billion. >> yes, we will be contacting for more. but you will have to go back to a lot of different agencies end renegotiate contracts. bid e will not be no-bati contracts. secondly, we will not run out of money in the response. the flood insurance is a separate account. we're looking at projected claims there. we're working closely with what would be the operators of the fund. but the drf is a separate account, and strictly for flood costs, and not for insurance claims payouts. we may need more we get into the damage assessments
but also, understand that teams were already moving well before sandy hit. teams have been called from the midwest and south. it makes sense that -- if it makes sense that they can drive their faster than flying, then they are driving in. for those that need to, they're flying in this afternoon. >> i am wondering how the contacting process is going. some contracts are already in place. will there be proposals for other types of aid? does fema have enough money with the $3.6 billion?...
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Nov 1, 2012
11/12
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any fallout or benefit from hurricane sandy for the candidates? guest: i think it's becoming clear that this has been a plus for president obama. how big, we will see. if you are the incumbents and you're in a tough race, what do you want to do? you want to look presidential. that's a great advantage of incumbency. that is precisely the way he has looked, with the help of his new best friend chris christie. i guess bill clinton will have to step aside. he was the president's new best friend. now it's chris christie. with that bipartisan blessing, the president looks good. for mitt romney, he was pushed off the stage. this storm was a kind of circuit breaker for about three days. momentum, at least according to the romney camp, had been building up for romney. you lose that. politics is not just about the national voter choice. there's a big dial-up emotions included in this. i think the air went out of the balloon to a certain degree for romney during those three days. does he have time to regen? of course. we are back in the campaign today and wi
any fallout or benefit from hurricane sandy for the candidates? guest: i think it's becoming clear that this has been a plus for president obama. how big, we will see. if you are the incumbents and you're in a tough race, what do you want to do? you want to look presidential. that's a great advantage of incumbency. that is precisely the way he has looked, with the help of his new best friend chris christie. i guess bill clinton will have to step aside. he was the president's new best friend....
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Nov 1, 2012
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new jersey suffered some worst damage from hurricane sandy. today, president obama visited the state with governor chris christie and spoke about the federal government's response to the disaster. this is 15 minutes. >> i promise, you are going to be ok. we are going to get this whole thing set up. this is the owner of the marines arrive here. i want to make sure that she knows -- the owner of a marina right here. how long have you had the marina? since 1996? nothing like this has ever happened. well, we will get it done, i promise. we are going to see what we can do. we will try to work through, obviously folks' homes, making sure the power is back on, making sure the streets are clear and all the debris is gone. we want to make sure the small businesses are up and running. is the head of emergency management. he knows what to do. [indiscernible] the other thing is, i know there is a lot of aqua culture here. we will work with the governor's team and work to get everything back and deal with some of the other challenges we have got. [indiscer
new jersey suffered some worst damage from hurricane sandy. today, president obama visited the state with governor chris christie and spoke about the federal government's response to the disaster. this is 15 minutes. >> i promise, you are going to be ok. we are going to get this whole thing set up. this is the owner of the marines arrive here. i want to make sure that she knows -- the owner of a marina right here. how long have you had the marina? since 1996? nothing like this has ever...
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. >> new jersey surfed some of the worst damage from hurricane sandy. today president obama visited the state with governor chris christie and spoke about the government's response to the disaster. this is 15 minutes. >> good afternoon, everybody. i want to thank the members that are here. i want to thank the president. we spent a significant afternoon together, surveying the damage up and down the coast line. we wanted to show the president that personally. we have the opportunity to discuss it. and over to the shelter and meet with folks and have them see the president and his concern all of us have for making sure that things get back to normal as quickly as possible. we have a lot of challenges. things we need to do to make sure we get power restored as quickly as possible, that people have clean water, hospitals are taking care of things they need to when we get kids back to school. i discussed all those issues with the president and i am pleased to report he has sprung into action immediately to give us those things while we were in a car together
. >> new jersey surfed some of the worst damage from hurricane sandy. today president obama visited the state with governor chris christie and spoke about the government's response to the disaster. this is 15 minutes. >> good afternoon, everybody. i want to thank the members that are here. i want to thank the president. we spent a significant afternoon together, surveying the damage up and down the coast line. we wanted to show the president that personally. we have the opportunity...